"You will see a wholesale change in the resources sector ownership from the mums and dads of Australia to Chinese foreign governments or other foreign governments because they're the only ones with the money now," Mr Forrest told Sky News.

Australian miners were having their ability to compete for assets “taken away by one badly thought out, stupid tax".

“It (the super-profits tax) opens up the door to foreign investors from all around the world to come in and buy Australian assets because Australians can no longer afford to."